No Segregated Account. Prior to distribution to Assignee, all amounts received by Assignor from the sale of Assignee Minerals shall be held by Assignor in one of its general bank accounts and Assignor will not be required to maintain a segregated account for such funds or, as to disputed proceeds, deposited by Assignor with a Third Person escrow agent in accordance with Section 5.01(d).
Appears in 10 contracts
Samples: Mortgage (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust)
